Innoviva Stock Price on February 14, 2024

INVA Stock  USD 18.85  0.15  0.79%   
Below is the normalized historical share price chart for Innoviva extending back to October 05, 2004. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Innoviva stands at 18.85, as last reported on the 11th of December 2024, with the highest price reaching 19.01 and the lowest price hitting 18.85 during the day.
IPO Date
5th of October 2004
200 Day MA
17.377
50 Day MA
19.545
Beta
0.568
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Innoviva Stock, it is important to understand the factors that can impact its price. Innoviva holds Efficiency (Sharpe) Ratio of -0.053, which attests that the entity had a -0.053% return per unit of risk over the last 3 months. Innoviva exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Innoviva's Standard Deviation of 1.06, market risk adjusted performance of (0.04), and Risk Adjusted Performance of (0.01) to validate the risk estimate we provide.
  
At present, Innoviva's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Liabilities And Stockholders Equity is expected to grow to about 1.3 B, whereas Common Stock Shares Outstanding is forecasted to decline to about 81.9 M. . At present, Innoviva's Price Earnings Ratio is projected to increase significantly based on the last few years of reporting. The current year's Price Book Value Ratio is expected to grow to 1.63, whereas Price To Sales Ratio is forecasted to decline to 3.21. Innoviva Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.053

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative ReturnsINVA

Estimated Market Risk

 1.06
  actual daily
9
91% of assets are more volatile

Expected Return

 -0.06
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.05
  actual daily
0
Most of other assets perform better
Based on monthly moving average Innoviva is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Innoviva by adding Innoviva to a well-diversified portfolio.
Price Book
1.795
Enterprise Value Ebitda
11.2845
Price Sales
3.4021
Shares Float
50.4 M
Wall Street Target Price
19

Innoviva Valuation on February 14, 2024

It is possible to determine the worth of Innoviva on a given historical date. On February 14, 2024 Innoviva was worth 15.58 at the beginning of the trading date compared to the closed value of 15.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Innoviva stock. Still, in general, we apply an absolute valuation method to find Innoviva's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Innoviva where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Innoviva's related companies.
 Open High Low Close Volume
  15.53    15.64    15.36    15.48    541,000  
02/14/2024
  15.58    15.87    15.47    15.80    552,500  
  15.71    16.15    15.71    16.00    619,800  
Backtest Innoviva  |  Innoviva History  |  Innoviva Valuation   PreviousNext  
Open Value
15.58
15.8
Closing Value
18.76
Upside

Innoviva Trading Date Momentum on February 14, 2024

On February 15 2024 Innoviva was traded for  16.00  at the closing time. The top price for the day was 16.15  and the lowest listed price was  15.71 . The trading volume for the day was 619.8 K. The trading history from February 15, 2024 was a factor to the next trading day price jump. The trading delta at closing time against the next closing price was 1.27% . The trading delta at closing time against the current closing price is 2.22% .

Innoviva Fundamentals Correlations and Trends

By evaluating Innoviva's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Innoviva's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Innoviva financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Innoviva Stock history

Innoviva investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Innoviva is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Innoviva will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Innoviva stock prices may prove useful in developing a viable investing in Innoviva
Last ReportedProjected for Next Year
Common Stock Shares Outstanding86.9 M81.9 M
Net Income Applicable To Common Shares246 M258.3 M

Innoviva Quarterly Net Working Capital

176.87 Million

Innoviva Stock Technical Analysis

Innoviva technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Innoviva technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Innoviva trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Innoviva Period Price Range

Low
December 11, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Innoviva cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Innoviva December 11, 2024 Market Strength

Market strength indicators help investors to evaluate how Innoviva stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Innoviva shares will generate the highest return on investment. By undertsting and applying Innoviva stock market strength indicators, traders can identify Innoviva entry and exit signals to maximize returns

Innoviva Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Innoviva's price direction in advance. Along with the technical and fundamental analysis of Innoviva Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Innoviva to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Innoviva Stock analysis

When running Innoviva's price analysis, check to measure Innoviva's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Innoviva is operating at the current time. Most of Innoviva's value examination focuses on studying past and present price action to predict the probability of Innoviva's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Innoviva's price. Additionally, you may evaluate how the addition of Innoviva to your portfolios can decrease your overall portfolio volatility.
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Sign In To Macroaxis
Sign in to explore Macroaxis' wealth optimization platform and fintech modules
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Investing Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Odds Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years